GCEFinancial AccountingBooks of Original Entry2020

Fatima's three-column cash book showed the following on 1 April 2023: Cash balance ₦12,000; Bank balance ₦85,000. During the month, she received a cheque of ₦30,000 from a debtor and paid ₦15,000 cash into the bank. Which of the following correctly shows the contra entry for the cash paid into the bank?

ADebit Bank column; Credit Cash columnCORRECT
BDebit Cash column; Credit Bank column
CDebit Bank column; Credit Discount column
DDebit Discount column; Credit Cash column
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Why the answer is A, and why the others tempt you.
When cash is paid into the bank, the bank balance increases (debit Bank column) and the cash balance decreases (credit Cash column). This is a contra entry, indicated by 'C' in the folio column on both sides of the cash book, because both aspects of the transaction appear within the same book.
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